GyG has reported resilient sales trends despite broader economic headwinds. In 1Q27 comp sales grew 7.1%, an acceleration on 4Q26. The baseline matters in interpreting the strength, but GyG is ideally positioned with growth in online, breakfast and late night occasions and its price rises remain below industry-average. We expect comp sales to remain above 5% over the next two years. EBITDA margins will improve too.